Education
Vernon Lomax Smith was born on January 1, 1927 in Wichita, Kansas where he attended Wichita North High School and Friends University. He received his bachelor's degree in electrical engineering from Caltech in 1949, an M.A.in economics from the University of Kansas in 1952, and his Ph.D. in economics from Harvard University in 1955.He is a professor of economics at Chapman University's Argyros School of Business and Economics and School of Law in Orange, California, a research scholar at George Mason University Interdisciplinary Center for Economic Science, and a Fellow of the Mercatus Center, all in Arlington, Virginia.